
Cheap Apartments for Rent with Specials in Memphis, TN from $300 (102 Rentals)
Rental Listings with Specials.
Cheap Apartments in Memphis.


El Dorado

Longview Gardens

Longview Heights

Coronado Manor

The Trails at Mt. Moriah

Timber Pines Apartments

Creekside Meadows

Mill Creek Apartments

Village Square
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Villages at Harrison Creek- 50% off 1st month

Scenic Hills Apartments

Overton Place

Huntington Hills

Cedar Mill Apartments & Townhouses

Country View Apartments

Oak Grove Flats

Camelot Manor

Rangepark Apartments

Helix at the District
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Indigo Riverview

Lakes at Epping Way

Riverdale

Cherry Creek Apartments

Greenlaw Apartments

Bridgeport Manor

Hickory Grove

Macon Manor

Lexington Apartments

Azure Place Apartments

Brentwood Apartments

Getwell Pointe

Parkside Poplar Apartments

628 Madison Ave

Tanglewood

Crescendo Apartments

MAA Southwind

Eleven60

Faronia Square

Canterbury Woods Apartments

ANNIES TOWNHOMES

Overton Garden Apartments

Bonsai at Central Gardens

The Chisca

Art Lofts @ Overton

The Melrose Midtown

Belvedere Place

189 Barksdale

Element at Midtown

The Washburn
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $1,196 | $560 | $8,000 |
Memphis 1 Bedroom Apartments | $1,324 | $525 | $6,973 |
Memphis 2 Bedroom Apartments | $1,492 | $499 | $7,312 |
Memphis 3 Bedroom Apartments | $1,849 | $740 | $7,572 |
Memphis 4 Bedroom Apartments | $2,033 | $599 | $7,080 |
Explore Memphis

Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Memphis Apartments
What is a cheap apartment in Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Memphis is under $659.
What is the price of a cheap apartment in Memphis?
The cheapest apartment in Memphis is El Dorado which is listed at $582, while the average apartment in Memphis costs $3,887.
What types of apartments are the cheapest in Memphis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5,133 regular apartments in Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Memphis?
Cheap apartments in Memphis have an average cost of $640 which is $3,247 cheaper than the average rent for all rentals in Memphis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.